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MIRA
INFORM REPORT
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Report Date : |
17.08.2007 |
IDENTIFICATION DETAILS
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Name : |
CLUB 21 ( |
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Registered Office : |
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Country : |
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Date of Incorporation : |
14.11.1995 |
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Com. Reg. No.: |
0530648 |
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Legal Form : |
Private |
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Line of Business : |
Service |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
CLUB 21 (
SUITES 2-7, 23A/F THE GATEWAY - TOWER 1, 25 CANTON RD TSIMSHATSUI
KOWLOON, HONG KONG.
TEL: [+852] 26296388
FAX: [+852] 26296333
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER 14, 1995
REGISTRATION NO. :
0530648
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. WILLIAM WEI-CHENG FU (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 1,279
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81329 = USD1 AS OF 2007-08-17
Adopted
abbreviations:
ANS - amount not stated
NS - not stated SC - subject
company (the company inquired by you)
NA - not available
M - million HKD Hong Kong
Dollars
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*Company Name*
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Incorporated as
: AX 21 (
Date of incorporation :
14 November, 1995
Changed name to
: CLUB 21 (
Date of change
: 13 August, 1997
*Company Registration*
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License number : 0530648
Date issued
: 14 November, 1995
Issuing authority : Companies Registry
Type of license : Corporate
License number : 19489370-000
Issuing authority : Business Registration Office - Inland
Revenue Dept
Type of license : Business
*Capital Details*
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Share value
: HKD 1.00/-each
Authorized capital : HKD 10,000,000.00
Paid-up capital : HKD 2.00
*Office & Facilities*
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Comment : Premises is shared with CLUB 21 RETAIL (
*Reputation*
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Reference checking for the purpose of establishing the
firm's reputation within the respective industry failed to reveal any negative
information.
*Approved Signatures*
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Only Mr. William Wei-cheng Fu can sign on behalf of the
company with seal affixed.
*Company Secretary*
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William Wei-cheng Fu
HK ID no : K121408(A)
Address
: Flat 34E
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SC is not known to host website of its own at present.
Email : marketing@club21.com.hk
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For the past 12 years there is no
record of litigation.
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*Major Shareholders*
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Total number of shareholders :
2
Total number of ordinary shares : 2
Shareholders' Name
No. of Ordinary Shares
Amount of Shares (HKD) % of Shares
-------------------------- ------------------------------- ---------------------------------- ------------------
CLUB 21 PTE LTD 1
1.00 50.00
William Wei-cheng Fu 1
1.00
50.00
*Directors' Details*
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Beng-huat Ong
HK ID no
: P931521(0)
Address :
Unit
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*Key Personnel*
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William Wei-cheng Fu
HK ID no
: K121408(A)
Address
: Flat 34E
Responsibility
: Handles the overall
management of the company.
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*Main Products & Services*
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Acts as a holding company.
Products : Holding companies
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*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name :
CLUB 21 RETAIL (
Address :
Kong
Country :
Relationship :
Subsidiary
Legal Form :
Private company with limited liability
Company Type :
Trader
Industry :
Garments & Accessories
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PAYMENT RATING :3 OBTAINED SCORES : 55
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Rating Key |
Implication |
Implications |
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1 |
Scores 85100 |
Excellent |
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2 |
Scores 75 84 |
Above Average |
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3 |
Scores 50 74 |
Average |
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4 |
Scores 35 49 |
Fair |
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5 |
Scores 15 34 |
Below Average |
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6 |
Scores 01 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the payment pattern of SC
based upon our Payment Database, comments from suppliers of SC, information
from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for SMALL
amounts depending on individual judgement experience.
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As a private limited company there is no legal requirement
according to local corporate law for public disclosure of detailed financials.
*Bank Details*
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Bank name : BNP PARIBAS - HONG KONG BRANCH
Branch : 63Fl, 2 International
Finance Centre
Swift Code : BNPAHKHH
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SC is considered small-sized in its line with a development
history of 12 years. Credit dealings with SC in small amount appear acceptable.
Attached: trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Service 6700 Holding & Investment
Offices
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Service 9900 Business services, health,
financial/insure. Legal/real estate, hotels, and misc repairs
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SCs credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)